Gold (GCJ26) and silver (SIK26) markets sold off sharply today following a surprisingly hot reading from a key U.S. inflation gauge.
U.S. producer prices rose 0.7% month-over-month in February 2026, above the 0.5% in January and much higher than forecasts for 0.3%. That’s the biggest increase in producer prices in seven months, with goods prices soaring 1.1%, the most since August 2023. The core PPI (minus food and energy) increased 0.5%, after a 0.8% rise in January but above forecasts for up 0.3%.
